Tower Arch Capital has recapitalized Salt Lake City-based KNS International LLC, a provider of branded footwear, jewelry, and home goods products. No financial terms were disclosed for the transaction that was done in partnership with KNS management team.
SALT LAKE CITY, Dec. 19, 2017 /PRNewswire/ — Tower Arch Capital is pleased to announce that it has recapitalized KNS International, LLC (“KNS”, or the “Company”) in partnership with its management team. KNS is a leading designer and distributer of branded footwear, jewelry, and home goods products with headquarters in Salt Lake City, UT.
Founder and CEO Jeremy Pope said, “Partnering with Tower Arch Capital will help us accelerate our growth and expand our branded product portfolio to our customers and enhance our dropshipping expertise. Tower Arch shares our vision of what KNS can become.”
Dave Parkin, a Partner at Tower Arch, added, “We are thrilled to be partnering with Jeremy Pope, KNS President Michael Kelly, and the rest of the KNS team. KNS is a special company that stands out due to the dedication and commitment to their customers and retail partners. The Company has proven their ability to execute and optimize the online retail model and their expertise in developing brands that matter to consumers. We are excited about this next chapter of growth at KNS as we look to add branded products and expand their dropshipping array.”
About KNS International, LLC
Founded in 2002, KNS has grown from the nascency of ecommerce and is at the forefront of online retail. The Company designs and distributes branded products across multiple categories, including products under Journee Collection and other brands, and is a preferred partner for national retailers looking to optimize inventory and expand online product offerings.
About Tower Arch Capital
Headquartered in Salt Lake City, UT, Tower Arch Capital is a lower-middle market private equity fund. They focus on partnering with and growing high-quality family and entrepreneur-owned companies to deliver long-term value for their management teams and investors. Tower Arch brings operational, consulting, and financial expertise to small companies to give them the tools they need to achieve their full potential. Tower Arch creates value in a range of industries and works with companies across the United States. Target investments include control positions in entrepreneur and family-owned businesses with revenue between $20 million and $150 million or EBITDA between $5 million and $25 million. For more information, please visit www.towerarch.com